Friday, March 5, 2021
Home Uncategorized Dollar weakens with Biden closer to victory & may go even lower

Dollar weakens with Biden closer to victory & may go even lower

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China’s yuan to become world’s third-largest reserve currency behind dollar & euro – Morgan Stanley

“That’s the real question, whether today is a one-day wonder, or we get follow-through. My guess is we get follow-through,” Marc Chandler, chief market strategist at Bannockburn Global Forex, told CNBC.

The markets are also waiting for news from the US Federal Reserve, which is expected to finish its two-day meeting on Thursday. However, the Fed is not expected to announce any major changes in monetary policy, especially amid the election uncertainty.

For more stories on economy & finance visit RT’s business section

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